Post Utme Unn 2020 Commerce Question 21
Practice objective / multiple choice question 21 from the 2020 Post Utme Unn Commerce examination.
A company's sole trader is considering expanding its business to include a new product line. However, the new product line requires a significant investment in equipment and personnel. The company's accountant has estimated that the initial investment will be ₦5 million, and the expected annual profit will be ₦1.5 million. If the company's cost of capital is 10% per annum, what is the expected internal rate of return (IRR) on the investment?
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About This Question
This is Post Utme Unn 2020 Commerce Question 21. It is one of the objective questions from the 2020 Post Utme Unn Commerce examination.
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